Speech by Dr Deepali Pant Joshi, Executive Director of the Reserve Bank of India, at the Financial Inclusion Conclave of Dun & Bradstreet, Mumbai, 26 August 2014
......“Technologies that reduce asymmetric information in credit markets are technological innovations which can be leveraged for improved borrower identification. Bio-metric authentication helps to reduce leakages and ensure that Government transfers direct to bank accounts achieve the desired objective of financial inclusion, thus creating a better enabling environment and increasing penetrative outreach for optimal results.”“Financial inclusion is critical to ensure equitable economic growth and a just Society.”Leveraging technology makes it easy to leap frog the barriers of geography for sustainable, scalable financial inclusion.Empowering Small Banks Alternate types of Payment Banks are also viable options. We also ........
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